Michigan Compiled Laws
Act 218 of 1956 - The Insurance Code of 1956 (500.100 - 500.8302)
218-1956-41A - Chapter 41a Annuity Recommendation to Consumers (500.4151...500.4166)

Section 500.4151 - Definitions. - Sec. 4151. As used in this chapter: (a) "Annuity" means...

Section 500.4153 - Scope of Chapter. - Sec. 4153. (1) This chapter applies to any sale or...

Section 500.4155 - Purchase or Exchange of Annuity; Recommendations; Effort and Obligation to Act in Best Interest of Consumer; Reasonable Basis; Duties of Producer; Exceptions. - Sec. 4155. (1) A producer, when making a recommendation of...

Section 500.4157 - Repealed. 2012, Act 544, Eff. June 1, 2013. - Compiler's Notes: The repealed section pertained to system to supervise...

Section 500.4158 - Insurer's Supervision System. - Sec. 4158. (1) An insurer shall establish and maintain a...

Section 500.4159 - Dissuading Consumer From Certain Acts Prohibited. - Sec. 4159. A producer shall not dissuade, or attempt to...

Section 500.4160 - Sale of Annuities; Completion of Annuity Training Course; Requirements. - Sec. 4160. (1) A producer shall not solicit the sale...

Section 500.4161 - Copy of Annuity Policy. - Sec. 4161. For a consumer purchasing an individual annuity, the...

Section 500.4163 - Records; Maintenance, Availability. - Sec. 4163. (1) An insurer and an insurance producer shall...

Section 500.4165 - Applicability of Subsections; Definitions. - Sec. 4165. (1) Subject to subsection (2), a recommendation or...

Section 500.4166 - Compliance With Chapter; Violation Orders. - Sec. 4166. (1) An insurer is responsible for compliance with...